Internal Environment and Intellectual Assignment

Added on - 21 Feb 2021

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Internal environment andintellectual assets / businesslevel strategy and competitivedynamic
Table of Contents1. Primary and supportive activities in organization's value chain..............................................12. Criteria for sustainability of competitive advantages..............................................................13. Advantages and disadvantage of conducting the financial ration analysis of company..........24. Concept of balanced scorecard and its advantages..................................................................25. Importance to recognize interdependence in attraction, retention and development oftalented professionals...................................................................................................................26. Potential downsides for companies.........................................................................................37. Role of technology in leveraging human capital and knowledge............................................3REFERENCES................................................................................................................................4
1. Primary and supportive activities in organization's value chainValue chain is bunch of activities that company in particular industries perform or workin order to deliver valuable service or product for market (Prajogo and Oke, 2016). It is abusiness model that describe entire range of functions required to create facilities or goods.Primary and supportive activities are two types of value chain.Primary activities-InboundOperationsOutbound logisticsSales and marketingSupportive activities-ProcurementGeneral administrationHuman resource managementTechnology development2. Criteria for sustainability of competitive advantagesCompany sustain competitive advantages for longer is they used many techniques andmake plans for sustainability of it.Focus marketing strategies-Through focusing on marketing strategies or plansorganization can sustain and garb competitive advantages for long term period. They canmake new strategies based on environmental situations which helps to gain profit.Cost advantages-Business competes on product price, they can get sustainablecompetitive benefits through setting price of goods lower than its competitors whichhelps to grab the attention of customers and increase profitability and productivity morethan before.Technology implementation-technology implementation is another source or way tosustain competitive advantages in business.Products quality-Company retain competitive advantages by focusing on productsquality.3. Advantages and disadvantage of conducting the financial ration analysis of companyAdvantage of conducting financial ratio analysis-1
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